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0801 Bitcoin market report 📣📣📢📢 #白宫加密报告发布#
The price of Bitcoin is currently facing dual pressures: on one hand, the effectiveness of tariffs has brought about risk-averse sentiment, while on the other hand, the continuous profit-taking after reaching a historical high has led to a temporary drop below the $115,000 mark yesterday. Although the correction is evident, it still remains within a fluctuating range in the broader perspective.
The intraday price fluctuated and retreated from $117,200, breaking through the key support line of $115,000, with a minimum drop to $114,000, creating the largest single-day decline in three days. The 4-hour K-line formed a "engulfing pattern," with the RSI and MA-CD histogram synchronously entering the neutral zone, but the divergence between volume and price (new price low accompanied by shrinking trading volume) suggests that panic selling is nearing its end. If the price effectively falls below $114,000 (the ascending trend line formed in May), it may accelerate the pullback to $112,000 (200-day moving average); if it rebounds and recovers $115,500 (Bollinger Band middle line), it may trigger a technical correction. Data shows: there is a dense wall of sell orders at $121,100, while there is significant buy order support around $111,000, so before the price successfully stands above this round of local highs, the market will continue to show a fluctuating structure, rotating to dominate trading rhythm rather than being trend-driven. Although the price ultimately chooses to test the liquidity zone downward, mid-term holders at $98,000 and $85,000 have not sold, and even the previously inflow inventory to exchanges still shows no signs of selling.
✅✅Trading advice: Bullish: If the price pulls back to the range of $114,100 - $114,460 (close to the 200-day moving average), consider taking a light position to try a long position, with a target looking at $115,500 - $116,500 and a stop loss set near $113,500; Bearish (1): If it rebounds to $115,500 and encounters resistance, consider taking a light position to short, with a target looking at $114,300 - $113,300 and a stop loss set near $116,500; (2) If not, consider the next resistance level in the range of $116,500 - $117,000 to sell short.
Special reminder: This article is for reference only and should not be used as an investment basis!!!